Overview
What is Fuller Avenue Senior Citizen Housing Corporation?
Fuller Avenue Senior Citizen Housing Corporation is a California-based nonprofit organization, established to manage a 89-unit senior housing complex situated in Los Angeles. The corporation has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development. This agreement governs the project's operational methods and rental charges, with the stipulation that the facility must remain reserved for low-income tenants for a minimum of 40 years. The organization's mission revolves around providing affordable housing for elderly individuals in the Los Angeles area.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Fuller Avenue Senior Citizen Housing Corporation has achieved an impressive 94% score on Charity Navigator, indicating strong financial health and transparency. The organization demonstrates high accountability with a perfectly independent board, ensuring that decision-making is free from conflicts of interest. Their financial practices are solid, with no material diversion of assets reported, further strengthening their credibility.
The organization excels in program expenses, directing 84.31% of its budget towards its programs, which indicates a strong commitment to its mission of supporting senior citizens. The presence of comprehensive policies, including conflict of interest and whistleblower policies, reflects a well-governed organization that prioritizes ethical operations and oversight.
While the organization shows exceptional performance across multiple financial metrics, it remains important for potential donors and stakeholders to continue monitoring its activities to ensure sustained impact. Overall, Fuller Avenue Senior Citizen Housing Corporation stands out as a reliable and well-managed nonprofit dedicated to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Fuller Avenue Senior Citizen Housing Corporation legitimate?
Fuller Avenue Senior Citizen Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fuller Avenue Senior Citizen Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Fuller Avenue Senior Citizen Housing Corporation?
The Fuller Avenue Senior Citizen Housing Corporation, a California nonprofit organization, was established to manage an 89-unit rental housing project primarily for the elderly. They have entered into a regulatory agreement with the U.S. Department of Housing and Urban Development, which outlines the project's operational methods and rental charges. This agreement ensures that the facility will be rented to low-income tenants for a minimum of 40 years. The corporation's mission is centered around providing affordable housing for elderly individuals, upholding the agreement's terms to ensure the project's longevity.
Who is the CEO of Fuller Avenue Senior Citizen Housing Corporation?
Howard Katz is the President of Fuller Avenue Senior Citizen Housing Corporation.
What is the revenue of Fuller Avenue Senior Citizen Housing Corporation?
Fuller Avenue Senior Citizen Housing Corporation's revenue in 2022 was $2,171,730.
Who are the executives of Fuller Avenue Senior Citizen Housing Corporation and what are their salaries?
There 7 volunteers at Fuller Avenue Senior Citizen Housing Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Fuller Avenue Senior Citizen Housing Corporation?
Fuller Avenue Senior Citizen Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fuller Avenue Senior Citizen Housing Corporation
Fuller Avenue Senior Citizen Housing Corporation, a California-based nonprofit organization, was established with a mission to provide affordable housing for the elderly. It owns an 89-unit rental housing project, specifically designed for senior citizens. The corporation has entered into a regulatory agreement with the U.S. Department of Housing and Urban Development, which sets the guidelines for the operation of the project, including rental charges and methods. Notably, this agreement restricts the rental of the facility to low-income tenants for a minimum of 40 years. This commitment by Fuller Avenue Senior Citizen Housing Corporation ensures that elderly individuals with limited financial resources can reside in a safe and comfortable environment for an extended period.
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Impact
July, 2024
Fuller Avenue Senior Citizen Housing Corporation has a significant impact on the community by providing affordable housing for low-income elderly residents in Los Angeles. With its 89-unit rental housing project, the organization ensures that seniors have a safe and secure place to live, promoting their well-being and quality of life. By adhering to a regulatory agreement with the U.S. Department of Housing and Urban Development, Fuller Avenue Senior Citizen Housing Corporation guarantees that these housing units remain affordable for at least 40 years, benefiting generations of elderly individuals in need. Through its mission-driven approach, the organization addresses the pressing issue of housing insecurity among the vulnerable senior population, making a tangible difference in the lives of those it serves.
This information is meant to be a general summary of Fuller Avenue Senior Citizen Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,368
- Program Service Revenue: $322,767
- Gross Receipts: $2,171,730
Assets and Liabilities:
- Total Assets: $4,713,110
- Total Liabilities: $1,292,208
- Net Assets: $3,420,902
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$322,767
Organization Details
Founding Year
1983
Phone
(310) 475-6083Principal Officer
Howard Katz
Main Address
10991 W PICO BLVD, LOS ANGELES, CA, 90064
NTEE Category
Code: L21 - Housing
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